‘Depositor heists’ force bank closures in Lebanon
By DW
18 September 2022 |
7:59 pm
Five banks were stormed by desperate depositors in Lebanon Friday making it seven heists this week alone. Those "liberating" their money have been greeted as heroes. Banks are now regrouping.
Related
24 Jun 2022
The billionaire was named prime minister for the fourth time and asked to form a government to save the country from financial collapse. He urged fractious politicians to set aside differences to secure an IMF deal.
27 Jul 2022
German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.
1 Aug 2022
A section of Beirut's massive grain silos that withstood the 2020 explosion have collapsed following a weekslong fire. Its unclear if there have been any injuries.
6 Aug 2022
The first Ukrainian grain ship has entered the Bosporus after being given the green light to proceed. The EU does not know how many Ukrainians have gone home after being given protected status. DW rounds up the latest.
13 Aug 2022
Lebanon is now going through the worst economic crisis in its history. 80 per cent of the population lives below the poverty line. In one year, food prices have jumped 500 per cent due to galloping inflation.
15 Sep 2022
Lebanon is drawing up a controversial plan to deport thousands of Syrian refugees every month. The country is in the midst of an economic meltdown and its government says it can no longer host more than 1 million Syrians. NGOs, though, say forced deportations are illegal and that Syria is not safe for returnees. Our Beirut correspondent Serge Berberi went to meet some refugees who are weighing up the prospects of going back.
18 Sep 2022
Five banks were stormed by desperate depositors in Lebanon Friday making it seven heists this week alone. Those "liberating" their money have been greeted as heroes. Banks are now regrouping.
21 Sep 2022
In Lebanon, most depositors have been locked out of their savings since a financial crisis took hold three years ago. Now some of those customers are taking matters into their own hands by holding up bank branches.
9 Oct
With Russia in retreat on the battlefield, Russian President Vladimir Putin raised the stakes on Wednesday with the announcement that Russian reservists would be mobilised and referendums held in areas of Ukraine on joining Russia, all while he made threats to the West.
2 Oct
Lebanon's 2-year-old chef, Liam el Haddad - also known as "Chef Popo" - prepares recipes with his mom for more than a million followers on social media.
2 Oct
A weekly news show produced with photos, videos and personal accounts from FRANCE 24 Observers around the world – all checked by our staff here in Paris.
Latest
55 mins ago
The International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks.
55 mins ago
Desalination is highly energy intensive and environmentally toxic. But the unconventional freshwater resource is now vital for human survival in dry regions.
55 mins ago
The French papers look ahead to Emmanuel Macron's live TV interview amid ongoing nationwide anger over pension reforms. In the UK, former PM Boris Johnson is to defend his actions over the Partygate scandal in front of a parliamentary committee that could decide his political future.
2 hours ago
We look at the press reaction to the French government pushing through Emmanuel Macron's controversial pension reform, narrowly surviving a vote of no-confidence. In other news: In the UK, a new report has found that the Metropolitan Police is racist, sexist and homophobic.
2 hours ago
Lawmakers in Uganda are voting on the bill as President Yoweri Museveni calls for investigations into homosexuality in the country. Uganda already has some of the most draconian anti-LGBT legislation in the world.
5 hours ago
Education Minister Bettina Stark-Watzinger is the first German cabinet member to arrive in Taiwan in decades. The decision comes amid tensions with mainland China, as Beijing issues a diplomatic complaint over the visit.